Procore Technologies, Inc. (NYSE:PCOR) Insider Sells $114,270.00 in Stock

Procore Technologies, Inc. (NYSE:PCOR) insider Benjamin C. Singer sold 1,500 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $76.18, for a total value of $114,270.00. Following the transaction, the insider now directly owns 84,539 shares in the company, valued at $6,440,181.02. This represents a 1.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Procore Technologies Trading Up 0.1 %

Shares of Procore Technologies stock traded up $0.11 on Thursday, reaching $77.90. The company had a trading volume of 923,251 shares, compared to its average volume of 1,661,149. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $86.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The firm’s 50 day moving average price is $73.33 and its two-hundred day moving average price is $65.88. The firm has a market cap of $11.58 billion, a PE ratio of -155.80 and a beta of 0.82.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). The firm had revenue of $295.89 million for the quarter, compared to analysts’ expectations of $287.42 million. Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. Sell-side analysts predict that Procore Technologies, Inc. will post -0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PCOR has been the topic of a number of recent analyst reports. UBS Group began coverage on shares of Procore Technologies in a report on Monday, December 2nd. They issued a “buy” rating and a $105.00 price target on the stock. TD Cowen boosted their price objective on shares of Procore Technologies from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Baird R W raised Procore Technologies to a “strong-buy” rating in a research note on Tuesday, September 24th. The Goldman Sachs Group upped their price target on Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, KeyCorp lifted their price target on shares of Procore Technologies from $68.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $84.24.

Institutional Investors Weigh In On Procore Technologies

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in Procore Technologies by 76.4% during the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock worth $25,000 after buying an additional 175 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Procore Technologies during the 3rd quarter valued at $26,000. Signaturefd LLC boosted its holdings in Procore Technologies by 52.0% in the second quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after purchasing an additional 216 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Procore Technologies by 6,069.2% during the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after buying an additional 789 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of Procore Technologies during the second quarter worth about $51,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

About Procore Technologies

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects.